Description
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Bitcoin performed a round-trip this week, rallying to new yearly highs before selling off towards its weekly open. After such a powerful 2023, the rally seems to have met resistance, with several indicators suggesting a degree of near-term exhaustion.
📰 Written Report: https://glassno.de/47NKyh8
📊 Live Dashboard: https://glassno.de/3Gv5PAo
Topics for Discussion:
- Modelling market cycles using investor cost basis models.
- Estimates of fair value using the NVT Price model.
- Analysis of Short-Term Holders in Profit and Loss.
- Developing local top and bottom indicators based on STH actions.
Key Dashboards
🥇 Mastering Realized Cap Report: https://glassno.de/3PA7kCy
💸 Mastering Realized Cap Dashboard: https://glassno.de/3YgoxUg
♟️ Mastering MVRV Dashboard: https://glassno.de/3IRQB9k
🚀 Start your Glassnode Advanced free trial today: https://glassno.de/3QFXu0S
🔬 Technical Analysis Toolbox: https://glassno.de/3MPzgRv
📟 Spotting Cycle Tops and Bottoms Dashboard: https://glassno.de/cycleextreme
🐻 Recovering From a Bitcoin Bear Dashboard: https://glassno.de/recoveringbear
🏦 Exchanges Dashboard: https://glassno.de/3RimWJY
💸 Realized Profit Loss Dashboard: https://glassno.de/3H6c8dz
💵 Pricing Models Dashboard: https://glassno.de/3J9hVkW
🌊 HODL Wave Dynamics: https://glassno.de/3xzSmTn
📈 Bitcoin Price Performance Dashboard: https://glassno.de/3UwBRCf
🦐 Shrimp Supply Sink Report: https://glassno.de/41hmhgp
📊 Realized Profit/Loss Momentum: https://glassno.de/3P6XkAq
🪟 Capital Rotation Dashboard: https://glassno.de/3P78rbu
Getting Started with Glassnode:
📈 Navigating Tops and Bottoms: https://glassno.de/3OpgSgA
⛓️ On-chain Activity: https://glassno.de/3xXM13Q
⛏️ Mining Fundamentals: https://glassno.de/3nnfL5m
🪙 Supply Dynamics: https://glassno.de/3NyhPlK
🕰️ Introduction to Lifespan: https://glassno.de/3ehCmzn
💸 Realized and Unrealized Value: https://glassno.de/3ExnCa1
👴 Long and Short-Term Holders: https://glassno.de/3QLUzCt
Timestamps
0:00 Introduction
3:12 Daily Price Change
5:21 Navigating Using Realized Price
9:20 The Mayer Multiple
11:44 NVT Price
15:00 Short-Term Holder Profit Cycles
19:29 STH Supply Profit/Loss Ratio
23:05 STH Realized Profit and Volume in Profit
25:15 Building A Trading Indicator for Uptrends
29:42 Summary and Conclusions
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For on-chain metrics and charts, visit Glassnode Studio: https://glassno.de/3oRNXaf
About:
The Glassnode video report provides a weekly analysis update of the trends, performance, and onchain metrics for Bitcoin and the crypto market.
Disclaimer:
This report does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.